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QSL Market Update

Wednesday, 09 September 2020

In this week's QSL Market Update:

  • Market optimism has waned since last week’s report, with a drop in equities and US tech shares spilling in to commodity and currency markets
  • All signs continue to point to another season of reduced sugar production in Thailand, with recent reports putting the coming crop at  65-70 million tonnes of cane – around half of their 130 million crop two years ago
  • The prospect of another Indian sugar export subsidy continues to look ominous
  • The Australian Dollar dropped 200 points in the last week on the back of a general market correction, closing this morning’s session at 0.7214 against the US Dollar

To read the full QSL Market Update, please click here.